AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) Trading 0.9% Higher

AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO)’s stock price shot up 0.9% during mid-day trading on Friday . The company traded as high as $3.50 and last traded at $3.46. 20,145 shares traded hands during trading, a decline of 68% from the average session volume of 63,070 shares. The stock had previously closed at $3.43.

AdvisorShares Pure Cannabis ETF Trading Up 0.9 %

The business has a fifty day moving average price of $3.55 and a 200-day moving average price of $3.67.

AdvisorShares Pure Cannabis ETF Increases Dividend

The business also recently announced a dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were paid a dividend of $0.0178 per share. The ex-dividend date was Monday, June 24th. This is a boost from AdvisorShares Pure Cannabis ETF’s previous dividend of $0.01.

Institutional Trading of AdvisorShares Pure Cannabis ETF

A hedge fund recently bought a new stake in AdvisorShares Pure Cannabis ETF stock. Pallas Capital Advisors LLC bought a new position in AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 10,500 shares of the company’s stock, valued at approximately $36,000. Pallas Capital Advisors LLC owned about 0.08% of AdvisorShares Pure Cannabis ETF at the end of the most recent quarter.

About AdvisorShares Pure Cannabis ETF

The AdvisorShares Pure Cannabis ETF (YOLO) is an exchange-traded fund that is based on the Prime Alternative Harvest index. The fund is an actively-managed ETF that seeks long-term capital appreciation by investing in both domestic and foreign cannabis equities, as well as total return swaps of similar securities.